KADIRS Urges Manufacturers to Utilize New Tax Incentives

The Kaduna State Internal Revenue Service (KADIRS) has encouraged manufacturers and businesses to leverage tax incentives and reliefs available under Nigeria’s new tax laws. Dr Muhammad Lawal, the Acting Executive Chairman of KADIRS, made this appeal at the 29th Joint Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN) in Kaduna.

He explained that the new tax framework offers incentives for businesses in sectors deemed areas of special economic interest, with some reliefs lasting several years before full taxation applies. Lawal noted that the new tax regime simplifies administration by consolidating taxpayer records under a single Tax Identification Number (TIN), addressing previous complications of separate records across states.

He revealed that Kaduna state has aligned its tax laws with federal regulations after approval from the State House of Assembly and Governor Uba Sani. The reforms have reduced the number of revenue lines from over 400 to about 30, aiming to enhance compliance and streamline revenue collection.

Lawal urged manufacturers to familiarize themselves with these new laws and take advantage of the available incentives.